Pakistan grants exploration license for Kunri block

The government of Pakistan on June 5 granted an exploration license to a joint venture of Horizon E&P Ltd. (60% working interest) and Kuwait Energy Co. (40%) for Kunri block (2468-7) in the districts of Badin, Mirpur Khas, Umer Kot, and Mithi of Sindh Province (Zone IV). The companies, which are expected to spend $16 […]

OPEC: Don’t shy away from foreign investment

OPEC’s new head said member states may have to attract more investment from foreign sources such as major Western energy firms and not just from state-operated national oil companies to meet global oil demand. Abdalla el-Badri, the new secretary-general, is asking member states such as Iran to invite more foreign investment, a move that is […]

A New Step in the Ethanol Revolution?

At a Brazilian ethanol conference June 4-5, Brazilian government-funded researchers said they have perfected a method of producing cellulosic ethanol that drastically reduces the cost of processing. At this point, the assertion — and many other similarly optimistic claims made at the conference — is unconfirmed. But should it prove true, the world could well […]

Centuries of oil left in Alberta

Alberta’s massive oilsands make the province second only to Saudi Arabia in reserves, the Alberta Energy and Utilities Board said yesterday. With reserves of 173-billion barrels of bitumen and 1.6-billion barrels of crude, the province will keep pumping out oil for the next 378 years at current production levels, the AEUB said. Canoe

Saudi Aramco set to kick off 75th Anniversary

To mark Saudi AramcoSpero

Breakthrough on new energy source

China announced yesterday it had made a breakthrough in excavating natural gas hydrate, the so-called “flammable ice”, which is believed to be a potential natural energy source.Every cu m of gas hydrates could release 164 cu m of gas. Globally, the amount of organic carbon within all gas hydrate accumulations roughly doubles the volume of […]

Climate Change Battle Could Spell New Disasters

Rich countries meeting in Germany this week will agree that they need to confront climate change, but unpleasant tradeoffs are already emerging. Unless properly managed, a rush to reshape the world’s economy to arrest climate change could end up trampling the lifestyles of the rich, the livelihoods of the rural poor, and the earth’s most […]

China to open nuclear industry to investment

To help meet the country’s growing demand for electricity, China will boost nuclear-power generation by opening the industry to private and foreign investors. China’s draft nuclear-energy law is being revised so that domestic and foreign companies can invest in the country’s nuclear-power-generating projects but cannot hold a controlling stake, said Wang Yiren, a senior official […]

Energy security in Europe

Calls for a European energy policy that simultaneously guarantees security of supply, environmental performance and competitive prices present an “unsolvable equation” and risk leading to ineffective responses, warns Jan Horst Keppler, in an April 2007 paper for the French Institute of International Relations (IFRI). For Keppler, the main problem at the moment is that Europe […]

The Way It Is: The Era of Energy Trades War for Comfort

It’s hard not to love cheap energy. We can go many places on a small budget. We can live and work comfortably at a manageable cost. We can have light, mobility and climate control with plenty of money left over for food and fun. It’s a dream life, which is nice, but awakening time has […]

World tidal energy first for Northern Ireland

The world’s first turbine to create commercial amounts of electricity from tidal energy is to be installed in Northern Ireland. Marine Current Turbines (MCT) said the installation of its SeaGen commercial energy system at the mouth of Strangford Lough would begin in August. The lough has one of the fastest tidal flows in the world.SeaGen […]

Brazil: Biofuel Gold Rush Continues

President Luiz Inacio Lula da Silva’s call for Brazil to become a “green Saudi Arabia” over the next few years has investors giddy and environmental and workers organizations panicked. Lula is a guest at the G8 summit this week in Germany. He recently returned from a three-day trip to India, which resulted in announcements that […]

RUSSIAN OIL PIPELINE SHUTOFF TO LITHUANIA: WIDER RAMIFICATIONS

Moscow’s closure of the oil pipeline to Lithuania in July 2006 “looked, sounded, and felt” like political and economic retaliation against the privatization of Lithuania’s Mazeikiai refinery by Poland’s PKN Orlen, which had prevented a Russian takeover The Russian government cited the need for “emergency repairs” on the Russian stretch of that line, a northbound […]

Oil Is Not Well

Who are the major producers of oil in the world? The unsettling answer is Saudi Arabia and Russia. They produce about 9 million barrels of oil a day. And who are the world’s major producers of natural gas. Again the answer is unsettling, Iran and Russia. There are students of geopolitics with a special knowledge […]

ANOTHER INCONVENIENT TRUTH

Next, let us turn to Saudi Arabia. It is interesting to note that despite their highly- advertised reserves of 270 billion barrels, Saudi oil production has in fact fallen since 2004 and is still below the record-output achieved in 1981. It is not as if the Saudis do not have an incentive to produce oil […]

The Peak Oil Crisis: Twin problems

As we move into June, we are still confronted with a pair of energy crises that have the potential to upset our way of life. At the global level, worldwide oil production has been stagnant for the last two years. This is true for all the various kinds of liquid fuels we now consume: ethanol, […]

Dirty Snow May Warm Arctic As Much As Greenhouse Gases

The global warming debate has focused on carbon dioxide emissions, but scientists at UC Irvine have determined that a lesser-known mechanism sciencedaily

Oil giants told to cut prices in Australia

THE consumer watchdog yesterday accused greedy petrol giants of jacking up pump prices, despite big falls in the international benchmarks they claim to follow. The renewed attack came days after Australian Competition and Consumer Commission (ACCC) chairman Graeme Samuel failed in a Federal Court bid to unearth price fixing between the handful of oil majors […]

Countdown to War on Iran

Silently, stealthily, unseen by cameras, the war on Iran has already begun. Many sources confirm that the United States, bent on destabilising the Islamic Republic, has increased its aid to armed movements among the Azeri, Baluchi, Arab and Kurdish ethnic minorities that make up about 40% of the Iranian population. ABC News reported in April […]

Wind to make 20 percent of power by 2030: advocates

The U.S. wind power industry will see half a trillion dollars of investment by 2030 to take the renewable source up to 20 percent of U.S. electricity generation, an industry conference heard on Monday. This would be a lofty rise from wind’s use for less than one percent of U.S. power today, but many advocates […]

China Recovers Natural Gas Hydrate from South China Sea

China has successfuly recovered samples of natural gas hydrate, otherwise known as “flammable ice,” from the South China Sea, the Ministry of Land and Resources said. The potential volume of gas hydrate around continental slopes in the area is estimated to exceed 10 billion tons of oil equivalent, the ministry said. rigzone

Hundreds of Antarctic Peninsula Glaciers Accelerating as Climate Warms

Hundreds of glaciers on the Antarctic Peninsula (AP) are flowing faster, further adding to sea level rise according to new research published this week in the Journal of Geophysical Research. Climate warming, which is already causing increased summer snow melt and ice shelf retreat of the Antarctic Peninsula, is the most likely cause. greencarcongress

GM Awards Advanced Development Battery Contracts

General Motors has awarded two separate contracts for advanced development of lithium-ion batteries and packs for the electric drive E-Flex System used in the Chevrolet Volt. greencarcongress

Cyclone hammers Oman; veers toward Iran

MUSCAT, Oman – Cyclone Gonu battered Oman’s coast Wednesday with fierce winds and torrential rains, forcing thousands from their homes and shutting down oil installations before heading toward the world’s most important crude oil tanker route. The storm In Muscat, the cyclone unleashed sheets of rainfall and howling winds rarely seen in the quiet seaside […]

Biofuels are but blip in energy crisis

“Peak oil” is the point where mankind has used half of the world’s petroleum. Ken Deffeyes, professor emeritus of geology at Princeton University, believes that this occurred in December 2005. Some people say that at the present rate of consumption, the world will be depleted of petroleum in about 35 years. There are many alternative […]

Americans not very big on very small cars

Even with high gas prices, tiny minicars unlikely to make waves, study says Despite a rush to offer them the smallest fuel-sipping cars, it seems one aphorism is likely to ring true for some time when it comes to Americans and their cars But research from consulting firm CSM Worldwide shows that American consumers are […]

The five myths of the transition towards biofuels

Biofuels The big oil, cereal and automobile industries and genetic engineering groups are powerful partners in this rapidly increasing mobilization of capital and the stupefying growth of the biofuel industry. One more reason to spread light on the underlying myths of the transition to biofuels before jumping on the already speeding train. The five myths […]

The Impending Global Liquidity Crisis

Stock markets across the world have been skyrocketing lately. In fact, Forbes reported on Tuesday that: Sounds great doesn

Dems’ energy-policy plans worry oil and gas industry

WASHINGTON Long protected by a Republican-controlled Congress and a White House eager to boost domestic production, the industry is now on high alert as Democrats are moving to capitalize on consumer anger about high gas prices and address global warming. The industry and its allies in Congress are warning that Democratic legislation will slow domestic […]

Combustion engine set to dominate for 25 years, say experts

…”The combustion engine is set to remain the power plant of the future”, said Michael Bargende who heads the Stuttgart-based FKFS research centre for motor vehicle and engine technology, summing up the view of many experts. This means that engines driven by petrol or diesel will continue to dominate for another 25 years, mainly because […]

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